Comments on: The Obama-Pelosi-Reid Liberal Economic Stimulus Scheme Myth Busted

By: The Strata-Sphere » America Is Losing Faith In President Hope & Change

The Strata-Sphere » America Is Losing Faith In President Hope & Change — Thu, 18 Jun 2009 11:13:32 +0000

[...] don’t have time to repeat my post of yesterday, but it contains the ingredients just mentioned and speculates on the public reaction to endless [...]

By: kathie

kathie — Wed, 17 Jun 2009 23:55:22 +0000

AJ….just thought I would pass this on. It doesn’t make it less stupid, but a Senator was not responsible.

Aide rebuked for Obama e-mail
06/17/2009 4:04:24 PM PDT Â· by Pinkbell Â· 17 replies Â· 374+ views
Chicago Sun Times ^ | June 17, 2009
A Tennessee senator’s aide has been reprimanded for an e-mail regarding President Obama sent from a statehouse account. Sherri Goforth, an aide to Sen. Diane Black (R-Gallatin), was issued a written rebuke for forwarding a picture that made light of Obama’s race. The picture showed portraits of the nation’s 44 presidents. Obama is depicted as a black box with only a pair of cartoonish white eyes visible.

By: AJStrata

AJStrata — Wed, 17 Jun 2009 20:48:32 +0000

Neo,

Agree 100% I think they thought a little PR and all would be right.

The left sometimes suffers from seriously naive (almost childish) thinking.

And I too agree we could hit 10% well before the end of the calender year. Of course one has to wonder if they meant the government fiscal year, which ends in 3 months!

By: Neo

Neo — Wed, 17 Jun 2009 20:44:42 +0000

they naively believed (or falsely claimed – take your pick) that the bloated federal bureaucracy could be a nimble positive force on the economy.

I think they and many economists believed that this was a physiological recession (AKA a panic) that would reverse itself when their “great minds” came on the scene, so since only their presence was required to end the recession, they spent the money not to actually stimulate the economy but rather just to satisfy themselves and their political allies.

By: Neo

Neo — Wed, 17 Jun 2009 20:10:51 +0000

With unemployment at 9.4% and a slope that has it going up by about 0.45%/month, the idea that we might to to 10% should be fulfilled around the time the next number come out in about 3 weeks.

Let me project (guess) that unemployment will go above 11.4%, especially if next months unemployment is 9.8% or above.

By: WWS

WWS — Wed, 17 Jun 2009 14:19:27 +0000

“New York state expects to spend 84 percent of its $26 billion in federal money on Medicaid, unemployment benefits, school aid, nutrition, public health programs, one-time Social Security payments, Head Start, college grants, and other social and school support.”

Even the article writer misses (or avoids) the point of this list. This list – 84% of the money – will not create even ONE SINGLE JOB! Maybe they are nice things, maybe not, but they do NOT CREATE ANY JOBS! That’s the real problem with this so-called stimulus – it stimulates nothing! After all of the money from this bill is spent, what will be left to show for it? NOTHING. No growth, no jobs, NOTHING.

And how about the spending that does go to create jobs?

“The state awarded its first Central New York road project May 7. It’s a $5.95 million contract to replace the Bartel Road bridge over Interstate 81 in Cicero…. Maffei explained at a groundbreaking ceremony that the new bridge would be taller and wider and would accommodate pedestrians. The project is expected to employ 26 workers.”

That’s about $230,000 per job – jobs which are gone as soon as the bridge is built. Nice.

Gotta love the pol’s name, Maffei. Plural of ????

By: kathie

kathie — Wed, 17 Jun 2009 14:01:26 +0000

As Obama said in his campaign, it’s not fair that some have little or nothing and some have too much. So he transfered the wealth of those who have (those who paid taxes), to those who have little or nothing. How is it working Obama? Have you killed the wealthy yet?